Canada: CRA announces some tax relief measures during COVID-19 pandemic
26 April, 2020
The Canada Revenue Agency (CRA) has recently announced few tax relief measures. These includes:
On 21 April 2020, the CRA launched general guidance concerning the Canada Emergency Wage Subsidy (CEWS) and a calculator for determining the subsidy amount for qualifying entities. The CEWS provides a payment of up to 75% of the eligible remuneration normally paid by an eligible employer to eligible employees retroactive from 15 March 2020, and 6 June 2020.
On 27 March 2020, government announced that any GST/HST payments or remittances deadlines for statements of accounts for March, April, and May are deferred to 30 June 2020.
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